82,585 Shares in Acadian Asset Management Inc. $AAMI Bought by Walleye Capital LLC

Walleye Capital LLC purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 82,585 shares of the company’s stock, valued at approximately $5,906,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth $31,000. Transamerica Financial Advisors LLC raised its stake in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $61,000. WealthCollab LLC bought a new position in shares of Acadian Asset Management during the second quarter worth about $65,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Acadian Asset Management during the second quarter worth about $97,000. 98.69% of the stock is currently owned by institutional investors.

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $92.67 on Friday. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $93.82. The firm’s 50-day moving average is $81.00 and its 200-day moving average is $67.38. The company has a market cap of $3.29 billion, a P/E ratio of 32.74 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. As a group, sell-side analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s payout ratio is presently 14.13%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAMI. Evercore set a $84.00 price target on Acadian Asset Management in a research note on Friday, July 10th. Zacks Research raised Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Royal Bank Of Canada increased their target price on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Acadian Asset Management in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.